#822554, Listing Office: Coldwell Banker M&D Good Life
Riverhead Housing Market Report January 2025•Suffolk County, New York
Housing Prices in Riverhead, NY
How much do homes in Riverhead, NY cost?
Housing Market Conditions
Is Riverhead, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Riverhead is a Neutral Market
Difference Since January 2024
At the same time last year, Riverhead was a Seller's Market.
Riverhead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Riverhead have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Riverhead was $582,777 in January 2025, up 4.1% from last year, and the median price per square foot was $348.
Median Sold Price By City
City | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
Brookhaven | $499.5K | $550K | +10.1% |
Riverhead | $560K | $582.7K | +4.1% |
Southold | $1.0M | $979K | -8.2% |
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $369K | $462.5K | +25.3% |
22 Bedrooms | $435K | $445.2K | +2.4% |
33 Bedrooms | $574K | $595K | +3.7% |
44 Bedrooms | $720K | $785K | +9.0% |
55+ Bedrooms | $770K | $700K | -9.1% |
Summary: Riverhead housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +25.3%. The home price for 2 bedroom homes increased by +2.4%. The home price for 3 bedroom homes increased by +3.7%. The home price for 4 bedroom homes increased by +9.0%. The home price for 5 bedroom homes decreased by -9.1%.
Housing supply in Riverhead, NY
How many homes are available in Riverhead, NY?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
140Last MonthJan 2025 | ||
1422 months agoDec 2024 | -1.4 % Change MoMDec – Jan |
Summary: The Riverhead real estate market had 140 homes for sale in Jan 2025, a 1.4 % decrease compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
21Last MonthJan 2025 | ||
262 months agoDec 2024 | -19.2 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 2 | 1 | -50.0% |
22 Bedrooms | 47 | 47 | 0.0% |
33 Bedrooms | 50 | 49 | -2.0% |
44 Bedrooms | 32 | 34 | +6.3% |
55+ Bedrooms | 11 | 9 | -18.2% |
Summary: Riverhead housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -2.0%. The inventory for 4 bedroom homes increased by +6.3%. The inventory for 5 bedroom homes decreased by -18.2%.
Asking Price vs. Sold Price
How much do homes in Riverhead, NY cost?
Over Asking Price9 Homes
At Asking Price4 Homes
Under Asking Price8 Homes
If you're buying a home in Riverhead, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Riverhead in January 2025, down by 19.2% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and and 43% were sold over asking.
Days on Market for Riverhead, NY
How long does it take to sell a home in Riverhead, NY?
Breakdown of Home Sale Times
Under 30 Days11 Homes
30 – 90 Days3 Homes
Over 90 Days7 Homes
Many homes in Riverhead are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 21 homes were sold in Riverhead; 52% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
60 DaysThis YearJan 2025 | ||
44 Days1 year agoJan 2024 | +35.5 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Riverhead had an average listing age of 60 days in Jan 2025, up by 35.5% compared to the previous year.
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Newest Listings in Riverhead, NY
What homes are available in Riverhead, NY?
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MLS Disclaimers and Copyright
Based on information from OneKey MLS, Elmira-Corning Regional Association of REALTORS® MLS, Global MLS, and Columbia Greene Northern Dutchess Multiple Listing Service for the period 02/01/2023 - 02/01/2025

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/9/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.
2025 © Elmira-Corning Regional Association of Realtors® Multiple Listing Service
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/9/2025, 10:46:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Copyright © 2025 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/9/2025, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/10/2025, 1:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.